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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4700 2nd Ave Ste 402b Boca Raton, FL 33431-4160

    • Office buildings
    • 1,214 SF
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5428227
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. Jodi Weissman / Nurse Practitioner / Health Care Facility
    • Florida First Senior Home Care / Home Health Care Service / Home Help Service Agency
    • Boca Raton Counseling Center / Family Counselor / Marriage Or Relationship Counselor
    • Allure Aesthetics / Skin Care Clinic / Day Spa
    • NBG Logistics LLC / Logistics Service

    Property Details for 4700 2nd Ave Ste 402b

    Year built
    1982
    Construction
    CONCRETE BLOCKS
    Property size
    1,214 SF
    Property type
    Office buildings
    APN
    06-43-47-08-27-002-4020
    APU
    6434708270024020

    Description

    This exceptional 550-square-foot executive office suite is ideally located in Boca Raton, Florida, at 4700 NW 2nd Ave, Suite 403, within Palm Beach County. The entire suite is currently vacant and ready for immediate occupancy, presenting a unique opportunity for a business seeking a move-in ready space. The property is classified as an office building with a multiple tenancy structure, indicating a potentially vibrant and collaborative work environment. The suite's precise location in Boca Raton offers easy access to major roadways, ensuring convenient commuting for employees and clients. The address is 4700 NW 2nd Ave, Suite 403, Boca Raton, FL 33431. This fully available space provides a blank canvas for businesses to customize their workspace to perfectly suit their needs and branding. The building's size and the suite's layout are ideal for smaller businesses or those seeking a professional and efficient office environment. The property's location in Palm Beach County offers access to a thriving business community and a wealth of amenities. This is a fantastic opportunity to establish a presence in a desirable and highly sought-after location. The suite's 550 square feet provides ample space for a variety of office configurations, allowing for flexibility in design and functionality. Interested parties are encouraged to inquire further to explore this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $258,000
      Market price range: $163k - $622k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0828
    Latitude
    26.3914
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,001
    $0.00
    $252,513
    $252,513
    -
    $0.00
    $252,513
    $252,513

    Comparable in this City

    • Value Estimation
      $260,000
      78.21 Acres

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      OFFICE BUILDING (MULTI-STORY) • 78.21 Acres
      Boca Raton, FL 33431
      View Details
    • Value Estimation
      $665,000
      37,553 SF

      185 Spanish Riv Blvd

      OFFICE BUILDING (MULTI-STORY) • 37,553 SF
      185 Spanish Riv Blvd, Boca Raton, FL 33431-4227
      View Details
    • Value Estimation
      $475,000
      5,320 SF

      170 Spanish Riv Blvd

      OFFICE BUILDING (MULTI-STORY) • 5,320 SF
      170 Spanish Riv Blvd, Boca Raton, FL 33431-4222
      View Details
    • Value Estimation
      $1,070,000
      160,814 SF

      951 Yamato Rd

      OFFICE BUILDING (MULTI-STORY) • 160,814 SF
      951 Yamato Rd, Boca Raton, FL 33431-4439
      View Details
    • Value Estimation
      $1,340,000
      50,992 SF

      3600 Fau Blvd

      OFFICE BUILDING (MULTI-STORY) • 50,992 SF
      3600 Fau Blvd, Boca Raton, FL 33431-6474
      View Details
    • Value Estimation
      $590,000
      23,707 SF

      2000 Corporate Blvd

      OFFICE BUILDING (MULTI-STORY) • 23,707 SF
      2000 Corporate Blvd, Boca Raton, FL 33431-7304
      View Details

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    4700 2nd Ave Ste 402b
    Boca Raton, FL 33431-4160
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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